Gold Price : Will the price of gold skyrocket?

In recent days, there has been a significant increase in the prices of gold and silver. Currently, the price of gold has reached 1.41 lakh rupees per 10 grams, which is proving to be concerning for ordinary investors. According to economist and renowned analyst Ed Yardeni, in the future, the price of gold is likely to go beyond 3 lakh rupees.

Yardeni has stated that considering the current global market conditions, the price of gold could reach $10,000 per ounce by 2029. Currently, the global price of gold is $4,410 per ounce. If Yardeni's prediction comes true, the price of gold is likely to increase by about 129% in the next three to four years. In terms of Indian rupees, the price of gold could reach 308,000 rupees per 10 grams by 2029.

Especially due to global economic uncertainty, inflation, and the increasing demand for gold from investors, the price of gold is continuously rising. This increase is making investment difficult for ordinary citizens in the Indian market. Financial experts advise that when investing in gold, one should be cautious considering the market fluctuations.

According to Yardeni's estimates, as the price of gold continues to rise, gold will remain an attractive option for long-term investors, while short-term investors are advised to carefully study the market before making decisions. Although the price of gold is currently rising, it will be important to see what heights its price will reach in the future.